The following simple model is used to determine the annual savings of an individual on the basis of his annual income and education.

Savings = β0+∂0 Edu + β1Inc+u

The variable ‘Edu’ takes a value of 1 if the person is educated and the variable ‘Inc’ measures the income of the individual.

Refer to the above model. If ∂0 > 0, .

a.
individual with lower income have higher savings

b.
individuals with lower income have higher savings

c.
educated people have higher savings than those who are not educated

d.
uneducated people have higher savings than those who are educated

(C)Educated people have higher savings than those who are not educated

Step-by-step explanation:

The model which is used to determine the annual savings of an individual on the basis of his annual income and education is given below:

The variable "Edu" takes a value of 1 if the person is educated. The coefficient measures the impact of education on a certain individual’s annual savings. If >0, it has a positive impact. Therefore, educated people should have higher savings than those who are not educated.

i think it would be 43 movies that would have to be watched.

step-by-step explanation:

think about it. for the second plan, every month is 8 dollars. 8 x 12= 96. so thats the number for the second plan. now for the first plan, its annual meaning you have to pay 10 dollars every year. so now you have to get an equivalent amount of 86 since 96-10=86. 86 divided by 2 since every movie costs 2$ then you would have to watch 43 movies a year to get the same as the second plan. i really hoped this . have a wonderful day as well!

x = -3

y = -18

step-by-step explanation:

to solve by substitution, substitute one variable and solve for the other. then substitute again to find the remaining variable.

x-1/3(3x-9) = -3 since y=3x-9 substittute y.

x-1/3(3x-9)=-3

x + x +3 = -3

2x+3=-3

2x+3-3= -3-3

2x=-6

x=-3

substitute again into y=3x-9

y=3(-3)-9

y=-9-9

y=-18